What is CPQ for Renewable Energy Manufacturing?
The demand for energy has never been higher in human history, this demand is driving countries across the globe to find new ways to produce energy. While the energy sector has historically been dominated by natural gas and coal there has been a sharp increase in renewable energy sources. The International Energy Agency (IEA) predicts that renewable energy sources such as solar and wind power will on average meet more than 90% of the increase in global demand by 2025.
What are some common quoting challenges for renewable energy equipment manufacturers?
With a new emphasis on renewable energy sources, manufacturers who produce these products, such as wind turbines, will need to find solutions that help them easily sell their products. This isn’t an easy task, manufacturers face a multitude of challenges, from intricate product configurations to dynamic pricing models. Amidst these complexities, efficiency and accuracy are paramount.
How can CPQ help renewable energy equipment manufacturers sell faster?
Enter Tacton Configure, Price, Quote (CPQ) – a game-changer for renewable energy manufacturers seeking to streamline their operations and accelerate growth in this burgeoning industry. At its core, Tacton CPQ is a robust software solution designed to simplify the complexities of configuring, pricing, and quoting renewable energy systems. Whether it’s solar panels, wind turbines, or energy storage solutions, Tacton CPQ empowers manufacturers to navigate the intricacies of product customization with ease and precision.
Dynamic pricing models
Tacton CPQ offers unparalleled flexibility in pricing models. In the dynamic renewable energy market, pricing structures can vary based on factors such as geographic location, government incentives, and project specifications.
One example of government incentives is the European Union’s “carbon tariff” – the Carbon Border Adjustment Mechanism (CBAM). This incentive is designed to level the playing field between EU companies that have strict environmental rules and foreign businesses that can sell cheaper exports partially thanks to lower sustainability regulatory requirements. When CBAM enters into force in January 2026, carbon-intensive EU importers of some materials or components will be mandated to purchase carbon certificates.
Management consulting firm BCG estimates the EU tax could increase the cost of materials made by more carbon-intensive producers, such as China, Russia, and India by 15% to 30% overnight. This potential is causing manufacturers to reevaluate their supplier management strategy based on the location of select vendors.
These incentives highlight how Tacton CPQ can adapt to different constraints (in this case, local regulations) seamlessly, enabling manufacturers to create tailored pricing models that align with their business goals and market dynamics.
Accurate quotes with CPQ for Renewable Energy Manufacturing
Perhaps most importantly, Tacton CPQ revolutionizes the quoting process for renewable energy manufacturers. Generating accurate quotes in a timely manner is essential for securing sales and maintaining customer satisfaction. Tacton CPQ streamlines this process, allowing manufacturers to generate comprehensive quotes with just a few clicks. By automating manual tasks and eliminating errors, Tacton CPQ accelerates the sales cycle and enables manufacturers to capitalize on opportunities more effectively.
Integrations
Tacton CPQ integrates seamlessly with existing enterprise systems, providing a unified platform for managing sales, production, and customer data. This integration enhances collaboration across departments, streamlines communication, and ensures consistency throughout the manufacturing process.
Enhanced customer experience with visual configuration
An additional advantage of Tacton CPQ is its advanced visualization capabilities. The software allows manufacturers to create interactive 3D models and visualizations of renewable energy systems, providing customers with a clear understanding of the final product. These visualizations not only enhance the customer experience but also facilitate better communication between manufacturers and clients, leading to faster decision-making and increased sales. Check out how we visualize a windmill here!
In an industry driven by innovation and sustainability, Tacton CPQ emerges as a catalyst for growth and success. By empowering manufacturers to streamline operations, enhance accuracy, and accelerate sales, Tacton CPQ enables renewable energy manufacturers to thrive in a competitive market. As the demand for renewable energy solutions continues to soar, embracing technology-driven solutions like Tacton CPQ is essential for driving progress and shaping the future of energy.
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